Cost of Living in Leesburg, AL

With a cost of living index of 69, Leesburg, AL is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 5% below the Alabama state average of 74. Leesburg is a small community of 813 residents.

Housing costs are the biggest factor in Leesburg's cost of living. The median monthly rent is $785 (40% below the US median of $1,319), and the median home value sits at $169,200 (45% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Leesburg is $53,472, which is 29% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Leesburg. The area sees an average annual temperature of 59°F, with summers averaging 75°F and winters around 42°F. Annual rainfall totals 57.6 inches spread over roughly 125 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.